Regulatory Alerts2017-06-22
Amendments Proposed for the Financial Investment Services and Capital Markets Act
The Financial Services Commission proposed amendments to the Financial Investment Services and Capital Markets Act to reduce compliance burdens for securities issuers while maintaining investor information requirements. The revisions enhance investor protection by imposing damage liability on issuers making false or misleading statements in small public offerings and on credit rating companies providing defective ratings. These regulatory adjustments streamline market operations and strengthen accountability across capital market participants.
Share